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MacBytes
Oct 10, 2008, 03:48 PM
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Link: Apple shares go their own way (http://www.macbytes.com/link.php?sid=20081010164846)
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Posted on MacBytes.com (http://www.macbytes.com)
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MacTheSpoon
Oct 10, 2008, 03:59 PM
I hope they keep on that upward trend!

Me1000
Oct 10, 2008, 05:48 PM
I think the most likely reason right now is that Apple has hit the equilibrium. If the market goes down Monday I have a feeling Apple will follow.

AlmostThere
Oct 10, 2008, 05:57 PM
Come on ... given the way things are now this was out of date 30 minutes before it was posted :p

tyr2
Oct 10, 2008, 06:05 PM
Even allowing for the general state of the market, don't Apple shares generally do well in the run up to an event, then either climb or (more usually) dip on what is announced.

Buy on the rumour, sell on the news, and all that...

winmacguy
Oct 10, 2008, 07:03 PM
Even allowing for the general state of the market, don't Apple shares generally do well in the run up to an event, then either climb or (more usually) dip on what is announced.

Buy on the rumour, sell on the news, and all that...

Most of the time, yes.

IJ Reilly
Oct 11, 2008, 08:22 PM
Most of the time, yes.

Not necessarily. It depends entirely on the profit reports and forward guidence. And naturally the state of the markets overall. There is no rule that is useful.

chris200x9
Oct 11, 2008, 08:27 PM
makes me wish i had apple stock :o

Me1000
Oct 11, 2008, 08:38 PM
makes me wish i had apple stock :o

not really... While Apple's stock is fairing alright, it has hit a 52 week low! :(

chris200x9
Oct 11, 2008, 08:55 PM
not really... While Apple's stock is fairing alright, it has hit a 52 week low! :(

I meant buying it a couple days ago and having it now. Because it looks like it'll keep going up.

Maximillian
Oct 12, 2008, 06:08 PM
I think that until mid-week AAPL will go up, then, it will dive. Events usually see the stock jump a bunch and then crash until the weekend.

winmacguy
Oct 12, 2008, 08:53 PM
Not necessarily. It depends entirely on the profit reports and forward guidence. And naturally the state of the markets overall. There is no rule that is useful.

What I meant was, normally Apple shares do well regardless of the direction the market is going - unless Wall St is collectively ******** itself as it has done over the last week or so - then they drop with everything else. Apple was heading up briefly on Friday arvo and may continue to do so untill the new stuff is announced, then once the soft guidance is given on the 21st I would expect the stock to be sold off due to those "wonderful" comments from our all knowing analysts :rolleyes: about how Apple's expensive niche market products will struggle against the so called cheaper alternatives and the iPhone will also struggle againsts the likes of Nokia etc blah blah ....

redmeister
Oct 13, 2008, 08:04 PM
legendary investor and hedge fund manager julian robertson loaded up on aapl last week: http://www.marketfolly.com/2008/10/julian-robertson-reveals-some-buys.html

IJ Reilly
Oct 13, 2008, 11:57 PM
What I meant was, normally Apple shares do well regardless of the direction the market is going - unless Wall St is collectively ******** itself as it has done over the last week or so - then they drop with everything else.

I would not agree that this is necessarily true either. I've been an AAPL investor long enough to know that no rule of thumb works. For the last several years in particular, AAPL has been a classic momentum stock -- traders herd in and out of shares for no apparent reason other than it is moving up or down.

MacTraveller
Oct 14, 2008, 01:36 AM
I would not agree that this is necessarily true either. I've been an AAPL investor long enough to know that no rule of thumb works. For the last several years in particular, AAPL has been a classic momentum stock -- traders herd in and out of shares for no apparent reason other than it is moving up or down.

Trading is herd-centric activity. Mooooooo. Moooooo.